3rd
May 2019 - Global
cold drink market is expected to grow at a significant CAGR in the upcoming
period as the scope and its applications are rising enormously across the
globe. A cold drink is a popular chilled beverage that does not contain alcohol.
It may contain carbonated water, a natural or artificial flavoring, and a
sweetener.
The factors that are playing a major role in the growth of cold drinks
market are the rising demand for natural drinks from customers, the high demand
for super-premium soft drinks, and the rising consumption of healthy drinks.
However, the presence of substitutes and the use of harmful ingredients may
restrain overall market growth in the years to come. The market is segmented
based on type, product type, packaging type, distribution channel, and region.
Regular, diet, low-calorie, mid-calorie, flavored, caffeinated, and
caffeine-free are the types that could be explored in cold drink market in the
forecast period. The low-calorie sector accounted for the substantial share of
the market and is estimated to continue its dominance in the years to come. The
reason could be the rising health consciousness populace and the increasing
awareness among populace regarding harmful ingredients.
Functional drinks, carbonated soft drinks, ready-to-drink (RTD) tea and
coffee, flavored water, juices and juice concentrate, and other product types
could be explored in cold drinks market in the forecast period. Juices and
juice concentrate may account for the significant share of the market. In
addition, ready-to-drink tea and coffee sector is estimated to grow at the
fastest pace in the years to come.
Soda foundation, bottled, cans, and other packaging types could be
explored in the market in the forecast period. The cans sector accounted for
the substantial share of cold drinks market and is estimated to lead the
overall market in the years to come.
Based on the distribution channel, vending machine operations,
supermarkets and general merchandisers, gas stations and convenience stores,
food service and drinking places and others could classify cold drinks in the
forecast period. Supermarkets and general merchandisers sector accounted for
the significant share of the market and are estimated to lead the overall
market in the years to come. The reason could be the availability of products
at relatively low cost in comparison to other shops.
Globally, North America accounted for the significant share of cold
drinks industry and is estimated to lead the overall market in the years to
come. The reason behind the overall market growth could be the sedentary
lifestyle, the presence of key manufacturers in the region, and the growing
number of customers preferring non-carbonated beverages. The United States is a
major consumer of cold drinks in this region.
Europe and the Asia Pacific are also estimated to have a positive
influence on future growth. Europe is the second largest region with
significant market share. However, Asia Pacific is estimated to grow at the
highest CAGR in the forecast period. The developing countries like India and
China are the major consumers of cold drinks in this region.
The key players of cold drinks market are Big Red, The Coca-Cola Company,
Rockstar, PepsiCo, Red Bull, Nestlé Waters, Monster Beverage, Dr. Pepper
Snapple, National Beverage Corp., and Danone. These players are concentrating
on inorganic growth to sustain themselves amidst fierce competition.
Comments
Post a Comment